Crude oil price reaches the second target – Analysis - 14-09-2021
Crude oil price shows new positive trades to start testing 71.05 level, getting good positive support by the EMA50, waiting to breach this level to confirm extending the bullish wave towards 73.30.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that the continuation of the bullish wave requires holding above 69.25.
The expected trading range for today is between 69.50 support and 72.50 resistance.
The expected trend for today: Bullish
Silver price hits the first target - Analysis - 14-09-2021
Silver price managed to achieve our first waited target at 23.80 and bounced bullishly to retest the broken neckline of the head and shoulders’ pattern that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of resuming the negative trades in attempt to head towards our next target that reaches 22.90.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 23.80.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bearish
Gold price keeps its negative stability – Analysis - 14-09-2021
Gold price settles below 1797.00, and didn’t show any strong move yesterday, thus, the bearish trend scenario will remain valid as it is without any change, supported by the negative signals provided by stochastic and the EMA50, depending on the price stability below the mentioned level, reminding you that our waited target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish
The USDCAD resumes the decline – Analysis - 14-09-2021
The USDCAD pair shows new negative trades to move below 1.2665 level, reinforcing the chances of continuing the expected decline on the intraday basis, waiting to visit 1.2600 level initially, which breaking it represents the key to rally towards 1.2495 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2720 and hold above it.
The expected trading range for today is between 1.2570 support and 1.2700 resistance.
The expected trend for today: Bearish